Global Barley Malt Syrup Market Report and Forecast 2024-2032

Global Barley Malt Syrup Market Outlook

The global barley malt syrup market is being aided by the growth of the barley production, which reached a volume of 172.10 million metric tons in 2023. The industry is further expected to be driven by the growth of the malt extract industry, which is projected to grow at a CAGR of 4% in the forecast period of 2024-2032.

The Asia Pacific Region Significantly Aiding the Growth of the Global Market for Barley Malt Syrup

The global barley malt syrup industry is significantly being driven by the Asia Pacific region, especially Australia, which is one of the leading producers of the product. China also imports a significant volume of barley malt syrup from Australia. The demand for the product in these regions is being propelled by its rising use in the food sectors. In the light of a better health understanding of sugar and its harmful impact on the human body, the product's ease of use, coupled with the rising demand for sugar replacements, is pushing the market for barley malt syrup forward. The use of barley malt syrup from the point of view of the manufacturers is useful in some food products, including bakery products.

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Barley Malt Syrup: Market Segmentation

The barley malt syrup is a natural sweetener, pale-dark in colour, extracted from malt barley. Barley malt syrup is being used as a sugar or honey substitute for its distinctive aroma features in several different products. The extraction of barley malt is generated from malted barley cereals, a step in the beer production. Mixed barley is ground into a liquid that is then evaporated in order to produce a light, dark coloured liquid that is the malt extract of the barley.

Based on nature, the market can be divided into organic and conventional.

On the basis of type, the industry can be divided into:

• Diastatic
• Non-Diastatic

The distribution channels can be bifurcated into direct sales and indirect sales.

Barley malt syrup finds wide applications in the following:

• Food Industry
• Beverages 
• Alcoholic Beverages
• Others

The regional markets for barley malt syrup can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Health Consciousness Bolstering the Market Growth of Barley Malt Syrup

The market is being driven by the rising health consciousness among the consumers, which is leading to rising adoption of natural and organic food. The industry is also being aided by the strict regulations by the government on the use of food additives. The manufacturers of the product are now focusing on using natural food colours and flavours instead of synthetic additives. They are now shifting towards clean labels products as the demand for organic and natural food products is on the rise.

Diastatic malt syrup is extracted from germinated grain and is used as the substitute for the sugar and honey required for the bakery products to feed yeast. Diastatic malt syrup could also reduce the need for additional added sugar in bakers and can, thus, be classified as sugar-free. Furthermore, since diastatic malt is rich in vitamins and enzymes, the nutritional value of baked goods increases, and it helps to prolong the shelf life of baked products. Such positive characteristics of diastatic malt syrups and the rising knowledge of their health benefits are expected to drive the market for malt-based bakery products, further boosting the barley malt syrup industry growth.

Key Industry Players in the Global Barley Malt Syrup Market

The report gives a detailed analysis of the following key players in the global barley malt syrup market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Cargill, Incorporated
• Malt Company (India) Pvt. Limited
• Muntons plc
• Diastatische Producten
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Barley Malt Syrup Market Report Snapshots

Barley Malt Syrup Market Size

Barley Malt Syrup Market Growth

Barley Malt Syrup Market Regional Analysis

Barley Malt Syrup Companies